ch that blissful state of done-ness. so let's get after it. ♪ everything is all right what would you like the power to do?® ♪ all right 's >> neil: trade war on. the president prepares to take off for a big rally in ohio but he is taking reporters' questions as we speak. welcome, everybody. i'm neil collegial. yesterday the federal reserve chairman, the president says he didn't cut rates enough. today, when it comes to rattling china trade talks, did more than enough. via tweet, president trump promising new tariffs on china that rocked wall street within minutes. stocks reverse what had been a healthy triple digit gain. triple digit losses ended up

being the result. the president upping the trade anti-with china, promising to slap 10% tariffs on $300 billion worth of chinese goods. that's in addition to the 25% tariffs already in effect on virtually all other chinese goods. december 1st, tariffs will be in effect in effect -- the prospect that global demand could slide right along with the global economy which is why interest rates have started tumbling. and the dollar started tumbling. one of the few havens in times of crisis, gold, those prices were soaring. time to start connecting. we begin with fox business' edwin lawrence on what got everything going. edward. >> the tweet heard around the world. we have learned from chinese sources within the last half hour so that the meeting in shanghai did not go well between the two trade teams.

the chinese sources telling us china said they will not add in any of the concession language they had taken out of the agreement. the chinese telling us -- telling u.s. trade or percentage the u.s. needs to trust them that they will protect intellectual property without enforcement provisions. the departments have been given the directives and start the coupling from the united states so china no longer has to rely on u.s. product. that could be seen in the agreement they made with russia basically helping the russians soybean industry meeting the demand of the chinese. this is what the president is reacting to buy these tariffs, nothing 10% tariff on basically the rest of what china imports into the united states. these tariffs will affect more of what you buy. we are talking about panty hose, stockings, alarm clocks, watches, roller-skates. this is a hard line from the white house, it's getting immediate response from

democrats, support from democrats. listen. >> we have to be really tough on china. they have taken advantage of us. america has lost trillions of dollars in millions of jobs. because china has not played fair. being tough on china is the right way to be. >> the president has done this before, set deadlines and then pushed the deadlines back when china does certain things. this time seems to be a little bit different, china taking a very, very hard line in those talks, saying they will not add in anything related to concessions that they had agreed to over the past year. we will have to see if the president keeps the hard-line september 1st deadline for the tariffs. >> neil: edward lawrence at the white house. the president is speaking with reporters as we speak before he heads for a campaign event. we will get it to you. ted oakley is following all of this in the financial applications.

he is with investors. good to have you. it's a reminder how much. dictates trading. >> it is. i think the thing about it, it's sort of been a relationship where investors, you ring the bell, expect something, and then eventually you don't have any food and that's where you end up that i think that's what's going on now. really disappointed. >> neil: one of the things that i noted that was interesting, the better things look for trade, the better things look for stocks. the prospect that a deal could be imminent. this pretty much touches every good that we get from china. the flip side hope is the longer it drags on, the more the federal reserve cuts rates to sort of buttress the economy. do you buy that? >> we thought they were off the mark yesterday. i assume that by the time you

get october, november, they are going to be up against the wall. they will have to come in and cut deeper. >> neil: if you are cutting in an environment like this, the trade impact has been minimal thus far. you don't have a lot of room here, do you? >> you don't have a lot of room. that's one of the problems. if you look back, comparing it to midcycle '95 to '97, it's not like them. it's a different kind of game. >> neil: the global slow down talk, it's always ignited every time you have an impasse on trade. a little bit stunned to see oil on the notion it will have a global effect, beyond the united states and china. do you buy that if this drags on that that's exactly what happens question marks to go i do because if you look at places where it's happening, or starting to see a lot of supply. i think it will have a big impact on oil. >> neil: the one thing i haven't noticed, consumer

behavior, while slowing from its highs is still pretty robust. consumer confidence is still fairly robust. wage gains in the country may be the underpinning of that. actually quite robust. we have been able to weather this. how long do you think that lasts? >> i would guess in the next one or two quarters, what you're going to see is you will be in a situation where wages will be going up. profits will be squeezed. it will have an impact on the markets in terms of stock prices. i think that's where the two are going to run into each other here. >> neil: interest rates, market rates going low. the situation today, yields on the 10-year, popular mortgage. fresh three year lows. what's going on? >> we said a year ago that we felt like wages will be going down for the next 18 months. we still feel like they will being lowered eventually. they may break up a little bit

in the short run but i think what's happening is you're going to have a tremendous amount of debt right now and you have that much debt, it's really hard to push things higher. i think with everything breaking, you're going to have a situation where we catch up with everybody else. >> neil: will watch it closely. ted oakley, thank you very, very much. it might confuse you when you're looking at a bond quote, it's a little bit in reverse. as the old ghost town, people are buying bonds. price goes up, yields goes down. just explain that. then a credit residential candida kamala harris renewing on her attacks on the president trade policies just today. >> by tweet initiating trade policy that has resulted in, as i said last night, farmers in iowa facing bankruptcy with soybeans rotting in bins. autoworkers in michigan and other places in the country that are looking at the potential for no job by the end of the year. american families paying $1.4 billion more a month on

everything from shampoo to washing machines because of the so-called trade policy which i called the trump trade tax. it's irresponsible. >> neil: the economy, one of the president's greatest clarion calls. the achilles' heel, the trade situation. charlie gasparino is here. kathy, what she is saying is this is the fly in the president's ointment. >> absolutely. the economy is going great, why did he go off script? why did he do this? where did this come from, this 10% tariff? he can say the economy is great, booming. boom. now he might have president kamala harris because she's right. i would call it a trade war. she called it a tax. no one wins in a trade war and that's why everyone is nervous.

>> neil: there's other stuff or he's been gaining the advantage and maybe this is a negotiating tactic. >> by the way, kamala harris overstated it, sing autoworkers, no one is going to have a job in the autoworker industry. she said hundreds of thousands, clearly an overstatement. she was talking about the auto supply chain. you wonder with the president's game plan is. the markets, we say it's six months out. should he get his act together six months ahead of time, meaning people start looking at the election in september. he needs to act sooner. what's the deadline, march of next year? i think listen the u.s. stock market is 34 trillion in equity value. the u.s. economy is 22 trillion. is this a drop in the bucket? can it weather it? it's interesting that democrats are siding with the president, saying that he's right and he needs to go tough on china. >> neil: you could argue that the federal reserve yesterday involved in this.

>> you talk to any ceo, what affects corporate earnings more. 25 basis point cut in federal funds or these absurd trade war wars. the markets reacted to a tweet or a statement and that's what stock traders do. they are stupid. they press the button on any negative news. the real fear in the market is the fact they were not just in a trade war with china. we are in a trade war with half the world. that will impact. china, mexico, anybody. canada. >> neil: the economy would be getting pounded. >> the economy is down to 2% growth because of trade. >> we are agreeing. a trade war with the country that doesn't have to elect a president. china doesn't care. >> neil: do you think china -- the president is arguing they don't want to negotiate with

him. they want to deal with, what did he say, stiff. >> what is the point of it? >> neil: do you think that's the case? >> china has no elections. what do they care? soybeans are going to rot. what do they care. >> neil: they have a slowing economy. isn't there economy slowing question mexico it is. it's pretty rickety and arthritic. who's got leverage? we know manufacturers have been diversifying out of china toward other parts of asia with their production lines. i think there is way too much hysteria. we know the president's tweets. the traders, every tweet they make money off it. if it brings back volatility. overreacting and what's going o on. >> one thing to talk about traders in the market, talk about gdp. algorithms are attached to certain news items. >> they are attached to tweets,

that was my point. >> it's another thing to talk about gdp and you talk to ceos. i do it all the time. they are telling me their bottom lines are affected by multiple trade wars, and that's the bottom line. >> shepard: the economy. >> i don't think anybody can tell you that the tax cuts are going to ameliorate the trade wars. i can't tell you that. but it looks like it's having an impact. >> people are nervous about business investments is what charlie's trying to say, in gdp. that's what's bringing that number down. >> inventories. >> business investments. >> it's inventories building up because we can't sell stuff. >> why? why is he doing it? it doesn't make sense. >> peter navarro things... >> neil: thank you. look at the time. in the meantime, after --

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>> reporter: why the tariffs now? about to nosedive -- >> president trump: i'm not concerned. i expected that a little bit because people don't understand quite yet about what happened. we have taxed china on $300 billion worth of goods and products being sold into our country. china eats it because i have to pay up because what they do is they devalue their currency and they push money out. our people haven't paid, as you know, we are also charging them 25% on $250 billion. we are taking in many billions of dollars. there's been absently no inflation and frankly it hasn't caused our consumer anything. it costs china. what is happened is a lot of companies are moving out of china so they can avoid -- china has had a rough -- this is their worst year in 27 years, according to yesterday's "wall street journal." i don't want that but when my people came home, they said we are talking.

we have another meeting in early september. i said that's fine. but in the meantime, until such time as there is a deal, we'll be texting them. and we are getting very good numbers from the border. 21,000 soldiers supplied by mexico and i want to thank mexico. they are doing a great job. that numbers are way down at the border. >> reporter: north korea apparently launched their third missile in a week. is kim testing you? >> president trump: is very much under control. >> reporter: we start negotiations again? >> reporter: [indistinct] >> president trump: let me ask you a question. right, write, right, sure. what would you say when china for the last 20 years has been taking hundreds of billions of dollars out of our country and we had a president that would never do anything, number of presidents that would never do anything about it. what would you say? for many years, china has been

taking money out by the hundreds of billions of dollars a year. we have rebuilt china. now it's time that we change the ground. if they don't want to trade with us anymore, that would be fine with me. it would save a lot of money. >> reporter: do you believe that xi is slow walking this? >> president trump: no, i don't know. i think president xi, someone i like a lot, i think he wants to make a deal. frankly he's not going fast enough. he said he was going to be buying from our farmers. he didn't do that. he said he was going to stop fentanyl from coming into our country. it's all coming out of china. he didn't do that. we're losing thousands of people to fentanyl. this was time and very importantly, you know this more than anybody. you've been covering it a long time. for many years, china has been taking out hundreds of billions of dollars a year and rebuilding china. it's time that we rebuilt our country. >> reporter: do you still

trust him? do you still trust xi? >> president trump: the one thing i have to say and you have to say this, what china is doing is they are devaluing their currency and they are pumping money out like they've never done before, and they are paying for these tariffs. we are not. >> reporter: do you still trust president xi? >> reporter: [indistinct] >> president trump: something is probably happening with hong kong, because when you look at what's going on, they've had riots for long period time. i don't know what china's attitude is. somebody said that at some point they're going to want to stop that. that's between hong kong and that's between china because hong kong is a part of china. they will have to do without themselves. they don't need advice. >> reporter: to the u.s. government -- mr. president, sir. >> reporter: the date of september 1 on the tariffs.

>> president trump: no, no, september 1. the reason is it takes a long time for the ships to come over and it's a period of time so i'm giving them a 4-week period of time before the tariffs gone but we are taking tariffs on 10% on over 300000000025% on 250 billion. it's been proven that our people are not paying for those tariffs. >> reporter: do you still trust president xi? >> president trump: go ahead. >> reporter: [indistinct question] >> president trump: short-range missiles, we never made an agreement on that. i have no problem. we'll see what happens. these are short-range missiles. they are very standard. >> reporter: will you continue negotiating with them, sir? >> president trump: go ahead. go ahead. >> reporter: [indistinct question] >> president trump:

congressman ratcliff is an outstanding man. highly respected by everybody that knows him. >> reporter: on cincinnati. >> reporter: [indistinct question] >> president trump: we have not changed on huawei. we can do business on nonsecurity things with huawei. anything having to do with national security, we are not dealing with huawei. >> reporter: at your rally tonight, sir. >> reporter: [indistinct question] >> president trump: i haven't actually heard that. i know there's a lot of things going on that say a piece of it but i don't know. i haven't spoken to them about that. i would frankly be surprised because what james comey did was illegal, so i would be surprised but i don't know anything about that. >> reporter: in cincinnati at your rally tonight, are you prepared to tell your supporters to stop if they begin chanting something problematic? >> president trump: i don't know what's going to happen.

i can tell you i'm going to cincinnati. the arena is a very large one, and we've sold out and we can sell it out probably ten times from what i hear. the applications for seats, as you know, never had an empty seat. the applications are very big. i have no idea. we have a great group of people. they love our country. they love the job we are doing. when they see the kind of people that want to represent us from the last two nights, that's not what they want. i don't know. i can't tell you whether or not they're going to do that chant. if they do the chant, we'll have to see what happens. >> reporter: we stop them? >> president trump: i don't know that you can stop people. i don't know that you can. we will see we can do. i would prefer they don't but if they do it, we'll have to make a decision then. >> reporter: do you have a message for them now before they go in? >> president trump: i do have a message. my message for the people i'm going to. we have over 100,000 applications for whatever the size of the -- i think it's a 14,000 seat arena.

we are way over 100. i think 122,000 applications for those seats. do you know what my messages? i love them. but i think they love me. i actually think they love me. >> reporter: sir, on bin laden, sir. >> reporter: [indistinct question] >> president trump: have they accepted the offer or not? that is up to prime minister modi. i think they are fantastic people. and khan and modi. if they wanted some one to help them and i spoke with india to about it. it's been going on, that battle, for a long time. if i can, if they wanted me to,

i would certainly intervene, yeah. >> reporter: was the u.s. government involved with the death of hazma bin laden? >> president trump: i can't comment about that but he was very threatening to our country. he was saying bad tings on our country. i will let you make your own comment about it. i don't comment. i will say hamza bin laden was very threatening to our country, and you can't do that. as far as anything beyond that, i have no comment. >> reporter: mr. president , robert mueller said last week -- [inaudible] >> president trump: you don't really believe that, do you? i spoke with president putin of russia yesterday. they are having massive fires in their forests. they have tremendous -- i've never seen anything like it. it's very big. i just offered our assistance because we are very good at putting out forest fires frankly. if they should need it, i offered our assistance. we had a good talk, a short talk

but a good talk and i think he appreciated it. we would be able to help them. these are massive fires like i haven't seen. that was the primary importance of the conversation. i think they very much appreciated it. >> reporter: on the fed, sir. >> reporter: russia interfering in the elections... >> president trump: i watched mueller. i'm not sure mueller knows what's going on. he said no collusion with us, no collusion. ultimately no obstruction because it led to no obstruction by a very smart group of people, including our attorney general. no collusion, no obstruction. as far as mueller's performance, you would have to say it was navy not so good -- maybe not s. >> reporter: why wasn't a quarter grade cut good enough? >> president trump: our country is doing very well. we are setting records in every

way. including employment, unemployment and we have no more people working in the united states than ever before. the stock market, it will take a little hit but it will be phenomenal because ultimately it will be much better because of what i'm doing. somebody should have done this with china long time ago. if they decided not to do it. they made a big mistake. but i will say this. there's never been a time in history of our country like we have right now. the highest number of people employed. best employment numbers for african-americans, hispanics, women, for everybody. the best numbers we've ever had. our military is being rebuilt and is almost fully rebuilt. it's going to be at a level in a very short period of time, stronger and better than ever before with new aircraft, new missiles, new everything. hopefully we don't have to use it. >> reporter: what did you think of the democratic debate last night? the charge from congresswoman

gabbard that you are assisting al qaeda. >> president trump: nobody knows what she meant by that. i think even you probably didn't like that statement, john. if you remember a short while ago, i defeated isis. we have 100% of the caliphate. you're always going to have somebody around. right now we have captured over 10,000. we have 2,500 isis fighters that we want europe to take because they were going back into europe. france, germany, various places. we have right now 2,500 isis that we captured. we have captured 100% of the caliphate. we've done a big job on al qaeda and everybody else. for her to make that statement is ridiculous frankly. >> reporter: can you still negotiate with kim jong un? >> president trump: for her to make that statement is so ridiculous. she has taken a lot of heat on it because nobody has done more against that war than i have. we have thousands of isis

fighters that we want europe to take, and let's see if they take them. if they don't take them, we'll probably have to release them to europe. >> reporter: and you still negotiate, sir. can you still negotiate with kim after he has done this week? can you still negotiate with kim after what he's done now? >> president trump: yes, these are short-range missiles. we never discussed that. we discussed nuclear. we talked what is nuclear. those are short-range missiles. sure. a lot of other countries test the kind of missile. >> reporter: do you still trust president xi? >> 10%, not 25. he said a quarter point wasn't good enough. >> president trump: everyone says that so tough now you're saying i should've done more. i did more than anybody thought with the first 250 billion. the 10% is for a short term period, and then i can always do much more or i can do less depending on what happens with respect to a deal. i'm very happy the way it is right now. my people came back. they are going to meet again in

september. i said look, if you meet, that's great but in the meantime, we're going to pay -- they are going to pay a tariff and it will be a very substantial terror. if you remember when i do 25%, i did it in stages. this can also be lifted ultimately in stages or can be taken off. but it can be lifted in stages. so we are starting at 10% and it can be lifted up to well beyond 25%. we are not looking to do that necessarily. this would be done in stages. i put on 10%, 10% on 300, approximately 300 billion. we already have a 25% tariff on the first 250 billion. the 10% follows the 250 billion at 25%. >> reporter: speaker pelosi. >> reporter: are you considering a blockade of c's [indistinct]

the amount of foreign involvement with china and iran. >> president trump: yes, i am. >> reporter: speaker pelosi, sir. >> reporter: the mueller hearing. ... they want to launch a house inquiry. >> reporter: no one has mentioned this question to me in so long. until last night at the very end, wasn't mentioned in the debates. people aren't even thinking. it's a hoax. i don't know if you know that. you know it's a hoax, right? nobody has mentioned it to me. one thing i will say that you haven't covered, two days ago a highly respected george in the southern district of new york in manhattan came out with a decision on the whole russia hoax and he said exactly that. it's a hoax. you want to read the decision. this is a decision by a judge who is highly respected who was appointed by bill clinton when

he was president, and he came out and he said it's a hoax. that's exactly what it is. this was the case brought by the democrats against me, nobody wants to talk about it. you know why? because it's fake news. >> reporter: your son-in-law jared kushner. >> reporter: the ins reading. >> president trump: we didn't discuss the inf. we discussed the forest fires in siberia and other parts of russia. i said we have the greatest equipment. if we can help us promote -- if we can help you, let us know. i said if we can help you. >> reporter: but we are pulling out of the treaty tomorrow. >> president trump: we'll see what happens. by the way, i will say russia would like to do something on a nuclear treaty. that's okay with me. they would like to do something, and so would i. >> reporter: [indistinct question] your response to elizabeth warren's comments.

>> president trump: i have watched elizabeth warren. sometimes referred to as pocahontas with her phony ancestry she didn't have. i watched her and to me she doesn't have credibility. it's possible i will have to run against her. everything she did was a fraud. she got into colleges. she got teaching jobs. she said she was of indian heritage. it turned out to be a lie. elizabeth warren really has a big lack of credibility. >> reporter: [indistinct question] >> president trump: i didn't really look. i think that kamala didn't do well last night. i think that biden did okay. he came through. he came limping through, as they say about sleepy. he limped right through it. he got through it. i think he was okay. i think kamala had a bad night

last night, i would say. it's really boiling down to four or five of them, let's face it. i don't see anybody coming from -- >> reporter: do you have a message on this anniversary. >> president trump: i have a lot of respect for poland. as you know, the people of poland like me and i like them and i'm going to be going to poland fairly soon and i know they are building an installation and they're putting it all the money, 100% of the money. they are building something very nice for the united states to have. >> reporter: on nancy pelosi. house speaker nancy pelosi, i don't know if you saw, she described jared kushner as a kind of baltimore slumlord. because he owns property. did your son-in-law bear any responsibility? >> president trump: the response bill they are the people who run baltimore for so many years. obviously headed up by elijah cummings. they've run baltimore into the ground. we have given billions and

billions of dollars to baltimore. the people of baltimore appreciate what i've done for them by bringing this up. it's the number one city proportionately in the united states on crime. i saw a statistic that it's worse than honduras. i think the people of baltimore, they really appreciate what i'm doing. the money was stolen or misspent or wasted. a lot of things happened, a lot of bad things. the government for many years has been very good baltimore. we have to help the people, elijah cummings has not helped the people. maybe at some point we will get together and we will get it straightened out. what happened in baltimore is disgraceful and it's not only baltimore. it's other democrat-run cities. you ought to report on it sometime. >> neil: the president taking on any and all questions come about 20 minutes worth outside the white house before he boarded marine one.

he's heading to ohio for a campaign event tonight. quickly on this ongoing trade to that's turned into an outright war with the chinese. the president effectively announcing that come september 1st, 3 and a billion dollars with goods we get from china will be slapped with a 10% tariff on top of the $250 billion worth of goods. what that would mean is everything that we get from china will eventually be subject to tariffs. the president hoping to move the needle on the chinese on top but he says he's in no rush. says this is the right thing to do. it did surprise a lot of folks and what had been a triple digit advance in the markets. blake burman at the white house. where do we stand on this? >> it's a good reminder that we are in the middle of a trade war right now between the united states and china. let me walk you through everything shut down.

there was a meeting and the president was briefed by his team about the discussions, briefed by steven mnuchin, robert lighthizer, other members of the economic team. that's when we got the statement put out on twitter by the president in which he said that china is not living up to its expectations for a ag buy from the u.s. china is not slowing down the sale of fentanyl that is making its way into this country. the president said he was disappointed with president xi about it and that's when he announced that come september 1, which should be days before the next meeting of the trade teams between the united states and china here in washington that the next batch, $300 billion worth of goods will have a 10% tariff attached to it. what we heard from the president just now as a reminder that it will be a 10% for the moment but he could go up.

it could go higher than 10% and as you mention, there's the $250 billion that's currently at 25%. essentially all u.s. goods, goods coming from china into the u.s., will now face this tariff. will face tariffs of some kind. according to my colleague at the fox business network, edward lorenz, chinese sources are telling us the directive in beijing is to quote-unquote decoupled from reliance on the u.s. you start to add this up, including the comments we heard from the president for days that may be china is trying to wait him out, trying to wait out his presidency and you've got to wonder where things go from here. >> neil: blake burman, thank you. now to the chief deputy whip. congressman, good to have you. what do you think of this up to auntie? >> nobody wins of trade war.

we pretty much established that during the course of recent history. i have said all along that the president was right to take on china as has now recently been proven again. china doesn't keep their word. china cheats when it comes to trade. we have to take them on. i think the president did make a mistake when he began all this by not engaging our allies in taking china on in a unilateral fashion. this makes it easier for china to retaliate and finally, let's be clear. one of the reasons nobody wins a trade war is that a tariff is a tax. that tax is paid by american companies and american consumers and it's already hurting the u.s. economy. i think that's why you see some market jitters because this is not going to be good for the u.s. economy. it's complicated. let's give the president credit for taking them on but let's hope that he can get it right and engage our allies in change

chinese behavior. >> neil: we are told that the u.s. federal reserve will probably keep lowering interest rates if this keeps dragging on. there's no guarantee of that. what you think? >> honestly i think the fed has done a good job over both administrations, recent administrations, doing their part to manage the economy. mr. powell has been responsible. it's worrisome that they have seen the need to reduce the fed rate. they only have so much room to go down and that's one of the reasons that i know that chairman powell has been really reluctant to go in that direction because you get to a certain point in your tools are taken away. it is an indication that there is some weakening in the u.s. economy when the fed sees the need to lower the rate. >> neil: in your state of michigan and elsewhere, the president has pretty solid support among union members and

the light manufacturing employees who feel that if we give up on this fight, they might as well surrender their jobs. what do you think of that? >> give up a fight with china? >> neil: ? >> neil: yes. >> yes, i think it would be a mistake to simply walk away. i think the president needs to consider a different approach. while he is on the phone with mr. putin, i know he engages with world leaders on a regular basis. when he's doing that, i think it would be wise to ask them to join us in taking on china. we are not the only country that suffers because of the bad practices that china employees. they have a lot more patience and we do, so we have to find other tactics. i think it would be a mistake to walk away, but what we are saying now is simply ratcheting up unilateral against china.

the chinese have more patience that we do so were going to have to engage our allies so we have greater heft in dealing with them. >> neil: we shall see. the tit for tat goes on. congressman, thank you very, very much. as we were speaking, the u.s.-china business council put out a statement on this extended trade war, if you will, saying that "we are concerned today's actions will drive the chinese from the negotiating table. the second round of talks and ended this week in shanghai. the upshot for the business guises we are worried. more after this. or its sign of? in crossing harsh terrain... or breaking new ground? this is the time to get an exceptional offer on the mercedes of your midsummer dreams at the mercedes-benz summer event, going on now. lease the gla 250 suv for just $329 a month at the mercedes-benz summer event.

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-[ scoffs ] if you say so. ♪ -i'm sorry? -what teach here isn't telling you is that snapshot rewards safe drivers with discounts on car insurance. -what? ♪ -or maybe he didn't know. ♪ [ chuckles ] i'm done with this class. -you're not even enrolled in this class. -i know. i'm supposed to be in ceramics. do you know -- -room 303. -oh. thank you. -yeah. -good luck, everybody. >> neil: congress getting out of town but not before getting enough votes to go out and spend. 23 republican senators voting against the spending extending the debt ceiling. indiana republican mike braun voted no.

two dozen republicans who did so very, very good to have you. thank you for coming. it was passed and i were looking at the next couple years of a trillion dollars headed to the deficit for the next two years. what do you think? >> i think it's kind of what i knew was coming when i got here in the first place. i understand the political reasons. we do get left kind of holding the bag on explaining about government shutdowns and all the things that go along with trying to hold the line on spending. i am hoping, i've been here seven months. when we win in november of 2020, hope we remember the roots of what conservatism is about and that's not running trillion dollar deficits. on a budget that's our size year after year. hopefully it's a wake-up call. i'm going to keep saying the same thing and i was glad at

least 22 others stood in line to make a strong statement. >> neil: the president is expected to sign off on this, praise the budget deal. he said there's plenty of time to cut. there's been enormous, plenty of opportunities before you came to washington, senator, for both parties. each party at different times under control and nobody ever did anything. what makes, you think the president and his promise to finding plenty of time to cut will deliver. >> he's been here a couple years or so. i remember when i was running in march of '18 when they did the continuing resolution that re-enabled defense and i think the president said we did this last time. he is in now the reality of d.c. to wear when you been doing this for so long, it gets to be part of the system. i hope, because i will be mentioning it to the administration, leadership in

the senate, we can't keep doing it. we are going to lose credibility with the core who supports us and it's not people that look at this kind of behavior were you say the same thing every year and never change it. it's up to those of us that are new, i know governor rick scott from florida, mitt romney, the three new business guys in the senate. we have doubled the business caucus. maybe voters need to send more of us here. we know how to do a budget, make a payroll. >> neil: some of your colleagues might put the -- saying. do you think voters are ticked at both of you? >> democrats believe in this. lee and of going along to get along to accommodate defendants. i voted against the defense realization bill on a principal. how do you expect to hold democrats accountable only whole

defenses being sacrosanct? believe me, there is waste and ways to cut 1% or freeze it until we get back in order. neil, that would be the easiest job and a ceo in america would have. >> neil: you're in washington right now, senator . senator, thank you for taking the time. i do appreciate it. all right, usama bin laden's son is dead. we just don't know when he was killed. what we do know is the guy who took out his dad is here. [farmers bell]

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copd is a disease that affects millions of americans, and it is believed that there are millions more who don't know that they have it. talking to the doctor is the first step to getting diagnosed. don't wait to say something if you're experiencing shortness of breath. >> neil: he was supposed to be heir to his father's terrorist

group. we are getting worried that hamza bin laden is dead. supposed to be the successor to usama bin laden. to the man who killed usama bin laden. we just found out about something that could happen quite a while ago. >> we put out a million-dollar bounty on hamza bin laden in february. some people are saying he may have been killed in a drone strike in march but others are saying it could've been before that. no one is confirming this yet but it looks like a drone strike because of the lack of hands-on evidence and you need to rely on so many different types of intelligence in order to confirm it. want to make sure we confirmed it. we don't want to say stuff. like the russians said that the leader of isis was dead and he resurfaced. it is significant because -- he is more than likely dead but if he is, it wipes out the future leadership of al qaeda. he was a 30-year-old. the chief of al qaeda now is a lot older. he is pushing 70.

maybe he is 70. doesn't have the charisma or the name or even the ability to stick his neck out for lack of a better term to get out there. and hamza was the new leader of al qaeda. >> neil: the father was grooming him. when you invaded the compound when you took out usama bin laden, there were other sons there. >> right. the agencies that hold us saying that his son would be there and we did find him. his brother was killed in a drone strike a couple years prior. hamza wasn't in the building but we found intelligence in the compound that said usama bin laden wanted hamza to be groomed because he was the most charismatic. people loved him. he was going to push al qaeda

into the future. hopefully we can confirm this. we will be able to eventually but it takes a lot of intelligence. >> neil: how are you able to confirm usama bin laden questioning >> we were able to confirm it because we had his body. we got confirmation from an arabic speaker, one of the navy seals who taught himself arabic got confirmation from one of bin laden's daughters. she said that's him. that is osama. >> neil: he was a tall guy. >> a few inches taller than our tallest sniper. we were able to take some dna. we took his body and we had some forensic people from the fbi test him. we had pictures and we were able to confirm. >> neil: how many sons and daughters did he have? to go anywhere between 20 and 26. it's hard to tell different places, different access, even the secrecy. they are pretty secretive even from the '80s when bin laden fought in the jihad against the

russians. sku 1 million empire. >> even telling hamza telling him. >> neil: any other kids have nefarious -- >> hard to say. maybe each of -- >> neil: rob o'neill, former navy seal. incredible young man. crowds getting ready for the president's big event in cincinnati tonight. that is hours away in the place looks packed. more after this. giving back. subaru and our retailers have given over one hundred and sixty-five million dollars to charity.

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>> after two hundreds of democratic debate, the president will be taking the stage in cincinnati tonight as part of a campaign event, he will be speaking to voters

there, many of whom are already there, they've been there for a while. mike with the latest. >> they line up hours before these events, about half the people i spoke with today said they will stand silently, participating, half the people say they will jump right in. they say they are in 100%. the people coming to these events are looking for those shot in the arm, imagine the patriotism from this president. frankly, the president has a unique set of skills at the podium and in front of the camera, they are looking to be entertained, looking for the president to needle the democrats. ohio is a red state but hamilton county where we are now is a deep blue county. neil? >> thank you very much from the president will be there tonight. also refreshing your memory here, down 280 points today, the

escalating trade war a big topic that will come up tomorrow. keep in mind the jobs report is due out tomorrow as well. we will have a minute minute-be coverage of all of that. but now, here comes "thfive" ." ♪ >> juan: hello, everyone, i am juan williams, along with emily, brian, dana perino, and greg gutfeld. it's 5:00 in new york city, it's the five. 2020 democrats duking it out in detroit during the second debate, president trump is on his way to a rally tonight in cincinnati and just moments ago he went after the democrats. we are going to show it to you in just a bit, but first, the attacks were fierce and they were plentiful on the debate stage and joe biden once again was enemy